The ES was clearly the weaker of the two. It briefly looked like the ES would take us down when it broke the 2910 area and dropped to the low of the day of 2904.5 around 3:30 and bounced right back above. The XLF closed on its high and a new high for the year of 27.38. XLV – healthcare continues to get hit as well as reits ( IYR) and XLU as rates rise. The XLK ,and SMH make new year highs. NFLX is up again after earnings. Look there is always a divergence or something that can be pointed out that is bearish but overall this market is strong like a BULL until proven otherwise. Sellers simply have no power!
stephenbalsam 1 Minute
Published by stephenbalsam
I have been trading electronic emini futures since they started . I have trained 100s in the method I use. This blog is just informational purposes and TRADE at your OWN risk! View all posts by stephenbalsam